Barloworld's share earnings up 31%

[Mark Allix] Barloworld‚ a diversified industrial group‚ saw revenue rise 11%‚ operating profit increase 14% and headline earnings per share shoot up 31% for the interim period that ended in March. 21 May 2013 10:04

Get off the roads, use trains

South Africa needs to increase its use of rail freight to boost economic growth and preserve the country's roads, deputy president Kgalema Motlanthe said in Phalaborwa, Limpopo, on Monday (20 May). 21 May 2013 09:30

KZN Institute for Architecture inducts new president

The KwaZulu-Natal Institute for Architecture (KZNIA) has inducted Kevin Bingham of FGG Architects in Durban as its new president. The ceremony took place on 16 May 2013 at the KZNSA Gallery in Glenwood. 20 May 2013 16:29

Omwieco to redevelop Onverwacht Estate as secure environment

Omwieco has been approached by Investec Private Bank to take over the development of a liquidated estate and has agreed to embark on this venture as the project developer for the Onverwacht Estate. Its vision for the estate is for it to become the catalyst in integrating the Eastern Growth Region of the Helderberg Basin. 20 May 2013 14:43

Sanral's notice "not legal" court hears

[Emsie Ferreira] Sanral's public notice on the winelands tolling project was unlawful because the national roads agency never took a proper board decision committing to the project, the Western Cape High Court heard last week. 20 May 2013 08:13

Poor won't be hurt by tolls says Sanral

A proposed toll system in the winelands in the Western Cape will not impact on the poor people of South Africa, the SA National Road Agency Limited (Sanral) said on Sunday (19 May). 20 May 2013 08:00

Lesotho Highlands scheme gets the nod

[Linda Ensor] The R12bn phase two of the Lesotho Highlands Water Project (LHWP), which will secure a continued supply of water for SA and hydroelectric power for Lesotho, was approved in principle by the two countries this week. 17 May 2013 12:29

Quick fix? Not for Astrapak

Astrapak optimists are betting heavily on the new chief executive Robin Moore's ability to restore the troubled packaging firm to health. Reflecting this confidence, Astrapak is trading on a 75,5 price:earnings ratio despite a 61% fall in headline earnings per share for the year to February and a 90% fall in earnings over the past three years. 17 May 2013 11:16

Bricks and mortar for PIC's boss

The Public Invesment Corporation's (PIC) R62bn real estate portfolio, may be one of the most commanding jobs in the SA property sector. 17 May 2013 09:41

Cape Town wants toll road report

The City of Cape Town wants access to the complete feasibility report for the South African Road Agency Limited's (Sanral) proposed winelands tolling project, the Western Cape High Court heard on Thursday (16 May). 17 May 2013 09:17

Solar Capital signs R11.5 billion contract with DoE

Solar Capital has recently signed its second Independent Power Purchase Agreement with the Department of Energy. This second Solar Capital project, which will be built at De Aar in the Northern Cape, will mean an additional investment of R2.5 billion and will employ more than 700 people during construction and 200 thereafter. 16 May 2013 11:40

Hilton plans to boost African presence

Hilton Worldwide has expanded its product offering in SA over the past six months and the US-based group intends to increase its presence in Africa‚ according to vice-president of operations for Africa and the Indian Ocean‚ Jan van der Putten. 16 May 2013 08:38

Hard roads for Cargo Carriers

[Edward West] Cargo Carriers (CRG) raised its dividend 76.5% for the year to February after its logistics and transport related operations performed well in an operating environment of low economic growth and industrial relations interruptions. 16 May 2013 08:07